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Rio Rancho is a thriving City northwest and adjacent to Albuquerque and Corrales … yes, a suburb but a city in its own right. There have been many accolades over the past few years for Rio Rancho with it being named one of the best places to retire, best places to live, best schools in New Mexico, most affordable places to live, along with several other areas of recognition.
As for homes and housing in Rio Rancho, there are many great options and as top real estate agents, we can help you get familiar with the options. For some, the idea of a home on ½ acre or horse property is ideal, for others, a golf course condo or townhome is just right. There are options for single family homes, homes in great neighborhoods with parks and trails, houses with swimming pools, or homes for sale near the library and/or the aquatic swimming center. Real estate in Rio Rancho also includes land for sale. There’s typically quite a bit of land for sale but very few developed lots ready to build your custom home on, although some spectacular building sites exist. Whether you’re a retiree, and empty nester, downsizing, looking for a second home, a golf community, an active adult community or a family home, Rio Rancho has plenty of options.
The Rio Rancho Chamber of Commerce website has some helpful information for visitors and people relocating as well as the Rio Rancho Convention and Visitors website. If you are considering relocation to the area, we have a lot of local insight and will help guide you a smooth relocation helping you get the information you need.
Rio Rancho’s largest employers are Intel Corporation & Hewlett Packard. There are also other employers such as hospitals, retail, call centers and jobs in the government sectors. Rio Rancho has done a great job over the years to entice new business through great incentives. The Economic Development division has really worked hard to bring good paying jobs as well as work with the city to provide infrastructure and buildings for relocating companies.
The opening of the Intel Corporation plant in 1981 had a major economic impact on the city and truly helped propel it to what it is today. With the introduction of these higher paying jobs came the need for more housing. Even now much of the ebb and flow of housing demand stems from Intel and other major employers.
The Rio Rancho area was originally part of the Alameda Land Grant, which was founded by the Spanish in 1710. By the early twentieth century, much of the land grant had been sold to land investment companies. AMREP Southwest, Inc. purchased 55,000 acres in 1961 and turned the land into a housing development called “Rio Rancho Estates” with the first families moving in the early 1960s. The population grew tenfold between 1970 and 1980, and the City of Rio Rancho was incorporated in 1981.
Since the 1990s, Rio Rancho has taken steps to become more independent from neighboring Albuquerque, including the establishment of separate school and library systems and attracting businesses to the area. The City developed the Downtown City Center that includes the City Hall building, the University of New Mexico (UNM) and the Central New Mexico Community College (CNM) -both are holding classes in the City Center. In addition, the Star Center offers a great venue for concerts and other big productions and touring shows.
It used to be that for residents of Rio Rancho, the major services were in Albuquerque. Now Rio Rancho has hospitals, services, physician offices, restaurants and entertainment. There’s lots to love about Rio Rancho!
Comparative Market Analysis for your home:
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Free Market Snapshot Analysis:
- Are you looking to buy or to sell a home? Tego and Tracy have a wonderful FREE program called Market Snapshot that allows you find out home much your home is worth, see what homes have been sold in your neighborhood, and learn how to get more money for your house in this ever-changing real estate market.
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If you are searching for a home, house, homes for sale, houses for sale, real estate, townhouses, townhomes, lofts, land, acreage, lots for sale or investment property in Rio Rancho, NM (New Mexico) you’ve come to the right place! Please browse through the links provided below to find the best home and house values in Rio Rancho (87124, 87144, 87174) or go to our easy to use Rio Rancho NM MLS Property Search Page.
Rio Rancho includes the friendly communities of Alegria Active Adult, Cabezon Communities, Chamisa Hill Country Club, Ciello Grande, Corrales Heights, Desert Ridge, Diamond Ridge, Enchanted Hills, Greystone Ridge, High Resort Community, Loma Colorado, Lomas Encantadta, Los Rios, Mariposa, North Hills, Northern Meadows, Quail Ranch, Rio Rancho City Centre, Rio Rancho Country Club, Rio Rancho Estates, River’s Edge, Santiago Community.